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CALCULATION OF CLEAR PROFIT FOR A PERIOD OF 12 MONTHS AS PER THE SCHEDULE VI OF ELECTRICITY (SUPPLY) ACT, 1948 PARA - XVII (2)

Rs. in Crores

 

PROPOSAL
1999-2000

APPROVAL
1999-2000

(A)

Income derived from :

   

i)

Gross receipt from Sale of energy less discounts applicable thereto.

308.15

239.48

ii)

Rental of meters and other apparatus hired to consumers.

3.51

3.51

iii)

Sale & repair lamps and apparatus

   

iv)

Rents

   

v)

Transfer fees

   

vi)

Interest on investment

0.17

0.17

vii)

Other general receipts accountable for income tax and arising from and ancillary or incidental to business of electricity supply.

   
 

Total of (A) (i to vii)

311.83

243.16

(B)

Expenditure properly incurred on :

   

i)

Generation & purchase of energy

195.36

163.08

ii)

Distribution and sale of energy

   
 

a) Employees cost

40.78

43.87

 

b) Material

12.63

12.63

 

c) A&G expenses

4.46

2.01

iii)

Rents, rates & taxes, other than all taxed on income and profit

0.21

0.00

iv)

Interest on loan advanced by Gridco and Working capital interest

   

iv.a)

Interest on loan borrowed from Organisation & Interest on Working capital

18.90

18.90

iv.b)

Interest on debenture issued by licensee

0.00

0.00

v)

Interest on security deposit

0.00

0.00

vi)

Legal charges

0.09

0.00

vii)

Bad debts

25.03

5.99

viii)

Auditors fees

0.08

0.00

ix)

Management including managing agents remuneration

0.00

0.00

x)

Depreciation

18.05

18.05

xi)

Other expenses

0.04

0.00

xii)

Contribution to P.F., staff pension and gratuity

6.87

0.00

xii.a)

Expenses on apprentice & other training scheme

0.02

0.00

xiii)

Bonus

0.02

0.00

Total expenditure i.e. total of (B) (i to xiii)

322.54

264.52

(C)

Special appropriation to cover :

   

i)

Previous losses

0.00

0.00

ii)

All tax on income and profits

0.00

0.00

iii)

Instalments of written down amounts in respect of intangible asset and new capital issue expenses

0.00

0.00

iv)

Contribution to contingency reserve

1.07

1.07

v)

Contribution towards arrear depreciation

   

v.a)

Contribution to Development Reserve, referred to in para

   

v.b)

Debt redemption obligation

   

vi)

Other special appropriation permitted by OERC

   

Total of (C) (i to vi)

1.07

1.07

CLEAR PROFIT (A-B-C)

-11.78

-22.43

Reasonable Return (Annex-B)

7.53

3.47

Excess or deficit of clear profit over reasonable return

-19.31

-25.90

 

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